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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21314)	11/10/1998 2:57:00 AM
From: SpecialK	Read Replies (1) \| Respond to of 50167

Ike, What are your thoughts of CPU? Doing well with COMS, XYLN, TLAB. Congrats on the superb work you do here. I enjoy lurking here most of the time. Thanks, Ketan

To: IQBAL LATIF who wrote (21314)	11/10/1998 9:01:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I expect that 1124 will be tested and will hold anyway I will take a cue from composite any break of composite below 1860 would lead me to buy some puts on IIX-- an indes I woud think probably will retrace the mos if 200 MA on BKX becomes a serious resistance, SOX did close above 275 second time that would natrually lead to some support on techs but my main emphasis as I board for Paris in next one hour would be to watch for 1124 support intraday-- if we hold this level and BKX remains stable we see a rebound from test of lows if BKX breaks we will see increased selling and a test of 1118 and even 1110-- I would like to trade TBR and IIX on short side a proxy for my emerging and broad market exposure, I will definitely be unloading a lot of my positions if SOX breaks 262 even on intraday basis..my overall strategy would be to wait for one full hour after the opening and than see what's happening in Techs like PSE and SOX ofcourse continued weakeness in BKX would be suggestive of a lower test of 1118 we have seen these levels many a times and we will see this market consolidating around these levels.... the news of interest rate cut due to global wakeness due will keep the downside limited.. anyway..global rallies are sign of Fed leaning on no more cuts global capital market weakeness will help keep a bottom under US markets for simple convulated reason if their is a weakeness their has to be a cut imagine interesting times we live in.. but such is our universe of forecasting..a bad news globally may not be a very bad news for US. new thinking that is how it is going to play out looks and sounds far fetched but lets see as the game begins......see you later as I reach late in night to Paris..I hope I can dissmiss finally my casual approach to travel when markets are at full bloom but gambler I am and that is how I have always treated the market a little of dissmissiveness, I would like to see if my logic holds if it does not I will find a fault that needs some homework in my approach to markets..I have been quite defensive for last few days but such is demand of the market..